US Bancorp (NYSE: USB) is scheduled to discuss fourth-quarter 2008 results tomorrow in a conference call at 9:00 AM Eastern. Results will be presented by Richard K. Davis, chairman, president, and chief executive officer, and Andrew Cecere, vice chairman and chief financial officer. Dial 1-866-316-1409 (U.S. and Canada only) to listen to the conference call; the conference ID number is 78901067. To listen in to the webcast of the conference call, visit Q4 2008 U.S. Bancorp Earnings Conference Call (registration required).
Analysts surveyed by Thomson Reuters expect US Bancorp to report that earings for the quarter fell 58.5% from a year ago to $0.22 per share. Revenue for the quarter is expected to total $3.8 billion, 7.5% lower than a year ago. US Bancorp has fallen short of earnings estimates in three of the past five quarters, by as much as 31.2%.
For the full year, analysts are looking for earnings of $1.72 per share on revenue of $14.9 billion, compared to $2.43 per share and $13.9 billion in the previous year.
The consensus forecast for US Bancorp's long-term EPS growth is 7.6%, which is less than the S&P 500 average. The share price fell to a multiyear today and is about 49% lower than it was a year ago.
See BloggingStocks' US Bancorp coverage for more information concerning the Minneapolis-based company.
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